England's top football division in a rich league of its own

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Kayla Schwartz
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13 July, 2017, 21:39

Although wages are soaring, up 12 percent to 2.3 billion pounds as clubs anticipated expected income from the latest lucrative broadcasting deal, the report said there was evidence of a more prudent approach with just 44 percent of revenue increases being spent on wages since 2012/13, compared with 99 percent in the five years before that.

The 26th Annual Review of Football Finance from the Sports Business Group at Deloitte shows that net debt in English football's top flight fell for the third consecutive season by £125m to £2.2bn. The clubs spent a record £1.3bn on transfers during the 2015/16 season, surpassing the previous season's record of £1.1bn by over 20%.

Premier League clubs' revenues increased by 9% to a record £3.6bn, with each club generating £182m on average - an amount greater than what all 22 top division clubs combined managed in the final season before the competition began in 1991/92.

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"Operating profits exceeded £500m for the third season in a row and we fully expect that Premier League clubs will collectively achieve record levels of profitability in the seasons to come".

In a statement, the report's editor Dan Jones explained that much of the league's growth was driven by the fact that the "big six" of Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham played in Europe and benefited from UEFA's improved rights deals, as well some significant commercial wins, most notably United's reported £75m kit deal with Adidas.

Total capital expenditure by Premier League and Football League clubs rose by 3% in the 2015/16 season to £313m, a new record. Its £2.8 billion annual TV deal is nearly 30 times greater than that of the English Football League, which is reported to be £90 million across all three divisions.

The lure of securing promotion to the Premier League continues to encourage major speculative spending among Championship clubs, who paid more in wages (£561m) than they earned (£556m) and had record operating losses of £261m in 2015-16.

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